OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman Sells 20,000 Shares

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the completion of the transaction, the chief executive officer now directly owns 323,925 shares in the company, valued at $17,025,498. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OneMain Price Performance

OneMain stock traded up $0.47 during midday trading on Friday, reaching $54.15. The stock had a trading volume of 1,241,367 shares, compared to its average volume of 1,055,941. The firm's fifty day simple moving average is $50.13 and its two-hundred day simple moving average is $51.52. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.46 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a net margin of 11.06% and a return on equity of 19.30%. The company had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company's revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 7.68%. OneMain's payout ratio is 87.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OMF shares. Wells Fargo & Company cut their target price on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target on the stock. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

Institutional Investors Weigh In On OneMain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new stake in OneMain in the 1st quarter worth approximately $27,000. SVB Wealth LLC purchased a new stake in OneMain in the 1st quarter worth approximately $34,000. IFP Advisors Inc lifted its position in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of OneMain during the 1st quarter valued at $42,000. Finally, Headlands Technologies LLC bought a new position in shares of OneMain during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.